Topic: [DVC]DevCoin - Official Thread - Moderated - page 214. (Read 1059181 times)

I think you comment about 2-way interest underestimates the advantage of something like locabitcoin. Using it anyone can create a local market if they wanted too. As long as there is some demand for the local currency conversion, there is a business opportunity for someone wanting to make a market.
We are all about creating demand for DevCoin, so LocalDevCoin should be a key piece of infrastructure. Or am I wrong?

ThinkI

That would be great but not up to me, particularly as I'm not in a position to assess the required skillset. I hope UTB and others read this, or perhaps send them a message with proposal?

bit-fxtrader: as far as I know fuzzybear is still the guy and has been doing it since before my time. It's the weekend and people have lives to lead, so maybe give it a bit more time - this round doesn't end til about 9th feb so you won't miss out for a few days wait.

dalamar96: you mean for official bounties or private ones? I know you've outlined what you're doing before but I've lost track with so many posts since then. I also posted some thoughts, and in steps is a good move to build towards something that makes the process and visibility clearer.

Last I heard Fuzzybear was not an admin anymore he
never has time. Id try someone else.

Hope it gets below 50 I got about 20 btc
waiting too.

It's been 3 days since I pmed FuzzyBear with my writing application. Haven't heard anything back yet. How long is the usual waiting time? Should I try sending my app to Wiser or Dinkleberg?

Got some buy support waiting below 50 Satoshis as well.

Still there is often a huge difference between dumping them on the lowball buy offers and offering them for sale on the sell side of the orderbook so someone who actually wants to buy some can come along and buy them.

Quite often the buy side has been just people sitting there waiting for fools to dump their coins dirt cheap, while the sell side has been quite a lot more expensive yet people who actually want to buy come along and just blindly buy from the sell side instead of sitting a lowball offer on the buy side waiting for the next fool to come along and dump.

It is pretty much the difference between throwing your coins away for whatever ridiculously low price is sitting there waiting for fools, and picking your price that your work is worth and setting your sell offer waiting for someone to pay you what you are worth.

Now though that we know so many people seem utterly determined to just throw their coins away driving the price down and down and down we can prepare for that more and more over time. So what the heck, go ahead and dump, I will be happy when it gets dumped all the way down to 50 Satoshis and below so my standing buy orders will start to pick me up cheap coins again.

Last time down it went below 50 but not below 30, so already now we know to expect people to dump we have beefed up those buys enough that this time around the dumpers only managed to dump it down below 50 not below 30 like the previous time around. I now also have even more buying sitting there waiting than I had last time so maybe this time it won't go as far below 50 as it did last time. But the farther down it goes the better for me so bring it on.

-MarkM-

I dont argue that the very best way to support DVC is not to sell quickly and to trade etc, but reading the Git repository over the last few days, from the original developer, the whole point of devcoins was/is to give an acceptable income back to developers/creators:

(quote)
Because developers get so little, they can only develop their projects in their spare time, which makes development really slow. Feature requests and critiques do not accelerate development, money will.

Devcoins provide an income for everyone who wants to work, even if they live in an area with more job seekers than jobs. With devcoin, no one who wants to work need be completely out of money. Anyone who does good work will get some devcoins. There is no guarantee that this will be a high income, but something is way better than nothing.

By buying devcoins you help developers and give the world more open source software, books, music, art, and movies.

(quote)

https://raw.github.com/Unthinkingbit/charity/master/devcoin.html

There is an absolute need for speculators and investors in Devcoin but to suggest that writers/developers or any other contributor, is somehow not supporting the community or does not "believe" by seeking to earn an income from their original works (ie, selling their coins) is contrary to this basic intention (IMO)

I'm with ya Nova Ride em till the buck ya or don't ride at all

Speaking only for myself, this is not the case. Nor would it be my wish to bring any crypto currencies out of my wallets at this time. Things have been comfortable for me financially before coming to this community, though my lifestyle is not lavish.

My interest is the philosophy behind devcoins and watching it growing and evolve. It is great that if some folks need the extra cash to get by, that it is there for them to do so. It is hard for me to believe that the crash of DVC each share split truly reflects the need of the many but more the large degree of non-believers it is currently carrying. If one believes then dumping one's coins is selling oneself short. Unless we are talking about selling and buying with day trades. That helps to put stability in the market.

It's not my wish to point fingers. Most likely, things will sort themselves out over time. It just feels good, for me, to have finally become a junior contributor of this community. Perhaps other programmers get the same buzz as me, just having people using their software, regardless of the monetary payout. My guess is that real writers feel the same when someone reads their work or real graphic artist/painters see their work hanging on someone else's walls.

- Nova 

LOL, well with all the talk over the past few days about bounties and the writing thing I figure most of the shares are going out the window sooner or later either way. I am not here for shares so much as learning about this type of thing and helping out. I do what I can where I can and with the writing on devtome it has helped me get back into doing D&D style writing. Something for fun that I can get a little DVC for in case sometime in the next 5 years it becomes worth something. Also it's been fun day trading it.

I think it's cool you want to do this, and I dont mean to stop you at all, just offer a perspective because I ask dumb questions like that daily and the busiest ones are the ones who answer most

In the long term interests of  Devcoin, the Open Source/Creative community need opportunities to get involved. We are encouraged to promote Devtome to writers and there is even a (subtle) suggestion that some might not invite new writers because more writers means more work for writers to maintain their shares.

I am not suggesting this is the case with developer bounties, but I am curious why the difference in approaches?

Some of the more sizeable bounties (30 shares could be considered so compared to 6 for a forum) could be great encouragement for more Open Source developers to get involved.

Is armory like android wallet like distriubted or is it centralized thru an api? Do you have to download blockchain (good thing)?

Btw Im setting up a wordpress penny auction theme very cool stuff you guys will like it.

Exactly, it is open source, that is what I am doing right now, getting set up to go through it in linux (have to re-do my laptop back to linux) and see what I can see about converting it to support DVC. I may contact the E^iPi but I am sure they are working on the base and won't have much time for me   I could be wrong, but I would like to come to them with specifics rather then just, "How can I make this work for DVC?" heh 

Is it possible to approach the people who built Bitcoin armoury and invite them to help with this? From what I understand if something can be configured for BTC it can be configured to any other alt currency? (and I do not mean to make that sound simplistic, I am aware the kind of coding and knowledge required) or is there a reason these projects/bounties are not offered more publicly?

Just a suggestion and Im way outta my depth at 5'4 so I'll stop now 

From an investment perspective this is a great idea but for many of the writers being paid shares each month, its about an income to live on, not invest. (edit) and I suspect that if developers are paid in DVC this would be the case for many as well.

(I think) it would be great if the value backing DVC was actual "proof of work" and that developers, writers and creators would be the determining factor as to what their work is worth. For example if all Open Source developers quoted and accepted DVC for their work and they had some way to convert that payment to use able/necessary goods and services, the value of DVC could be supported by its own value to users, not outside forces/alternative currencies/commodities.

I suspect that is a fairly utopian view, but I do think it is do-able

I'll take a look into this, may not be anything too big.

Edit: I take that back, just building on windows is a job. I will keep looking though

The more secure my Devcoins are the better...it sounds like a good idea.

I propose a 30-share bounty for a devcoin armory wallet, similar to bitcoin armory (with offline wallet capabilities, etc.)

Any objections or changes?


I'm not very sure if this counts as an "investment", since it is a "guide".

and the US Dollar is not what it once was. the point i was heading towards in that post, is that the gold and silver that once backed US currency was "proof of work", but since the US has decoupled the currency from the proof of work it is no longer a stable currency. digital coins have "proof of work" built-in, and to treat them like fiat currency that everyone is familiar with, is a mistake. it is fiat currency that no longer has proof of work backing it. gold and silver will never lose their value, because they exist physically. digital coin exist as bits and bytes in a distributed global network, so even if they are "intangible", they do in a sense exist everywhere, and even if there were some kind of widespread disaster, somewhere on earth a valid copy of the various blockchains could be found, but in a disaster on a huge scale like that might make fiat currencies worthless....

on the other hand, having a "reserve bank" for devcoin would probably be a bad idea. look around the world and see what happens when central banks manipulate their nation's currency. the manipulation introduced by the use of fractional reserve banking, and manipulating interest rates, often lead to a currency collapsing. one problem i see with bitcoin, is that once there are no more bitcoins produced by mining, the miners will want to make up the difference in transaction fees, with the ultimate end result that bitcoin may become more expensive to use, than to own. i know it's simplistic to look at it that way, but the possibility does exist.

what i would rather see is an exchange that deals with "proof of work", i.e. digital coin and tangibles (gold silver, copper). this would make more sense. the transactions would be taxable, just like fiat transactions, but you would have a proof of work exchanged directly for another proof of work.... just my opinion.... fwiw